Debt Ceiling Stalemate: End Date for Washington’s Pay Ability May Arrive Sooner
The so-called ‘X-date’ could come in June instead of August, say studies by Goldman Sachs and Wrightson ICAP, based on lower-than-estimated federal tax receipts.
News
Volatility Has Little Effect on Public Pension Funded Levels in March
The funded ratio of the 100 largest U.S. public pensions rose despite interest rate hike, banking failures.
Bernstein Private Wealth Management Promotes Alex Chaloff to CIO
His co-head of investment and wealth strategies, Beata Kirr, leaves to join private investing firm The Copia Group.
How to Run Alt Investments: A Primer
A trade group for alternative investments lists best practices for the popular, wide-ranging asset class.
Japan GPIF Invests $3.7 Billion in Morningstar Gender Diversity Index
The index is designed to emphasize Japanese companies with strong gender and diversity policies.
Global Pension Funds Fall Short of Private Equity Targets in Q1
CalPERS had the largest under-allocation, missing its target by more than $11.3 billion.
South Korean Pension Fund Will Buy US Dollars to Boost Sinking Won
The gambit is designed to help the nation’s currency in a deal engineered by its central bank.
Finnish Pension Fund Invests More Than $2 Billion in Climate-Focused ETF
Ilmarinen investment helps make the ETF launch the largest in U.S. history.
Representative Andy Barr Looks to Increase RIA Registration Exemption Amount
Proposed legislation would tie the amount of assets that require an adviser to register with the SEC, currently $150 million, to inflation for the first time.
Princeton Endowment President, CIO Andrew Golden to Retire in 2024
During his 28-year tenure, the endowment has posted annualized returns of 12.6%.
How to Measure OCIO Performance
A CIO panel explored different ways for allocators to assess their outsourced investment chiefs.
Anti-ESG Bills Progressing in Kansas, South Carolina Legislatures
The Kansas bill, which has reached the governor, would reduce the state pension by $3.6 billion and cut its funded level by 10%, a fiscal analysis says.
Founder, Former CIO of Infinity Q Sentenced to 15 Years
Ohio and Texas pension funds were among investors who lost millions as a result of James Velissaris’ fraud.
SEC’s ESG and Climate Task Force Levies First Enforcement Action
Brazilian mining firm Vale SA fined $56 million for fraud that led to fatal 2019 dam collapse.
Will Private Equity Get a Piece of Pro Football?
If NFL owners allow it, the buyout bunch would be dipping into a lucrative pool.